A fun start to the morning, but then the afternoon was not what I was hoping for. We gapped down and pushed lower, with the Opening Range trades and another trade doing well, but then slowly drifted back up the rest of the session on 1.8 billion NASDAQ shares.
Net ticks: +20 ticks.
As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today’s session:
ES and NQ Opening and Institutional Range Plays:
ES Opening Range Play triggered short at A and worked:
NQ Opening Range Play triggered short at A and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
My call triggered short at A at 2257.50, hit first target for 6 ticks, lowered stop 3 times, and stopped final piece at 2254.25: